Star Health eyes Rs 2,800-cr gross written premium this fiscal

The Chennai-based company, which saw a sales revenue of Rs 2,007 crore last fiscal, said it will continue to focus on retail customers and not group policies and is looking at covering around 90 lakh people this year.PTI | Updated: September 18, 2016, 17:29 IST

The Chennai-based company, which saw a sales revenue of Rs 2,007 crore last fiscal, said it will continue to focus on retail customers and not group policies and is looking at covering around 90 lakh people this year.

"With only a fortnight left for the second quarter to end, we are very close to our first half target of a gross written premium (GWP) of Rs 1,100 crore as we have already sold policies worth Rs 970 crore, and want to take this to Rs 2,800 crore by March," Executive Director, Star Health & Allied Insurance, S Prakash told .

In the June quarter, its gross written premium stood at Rs 486 crore, he added.

Star Health, which has around 48 per cent market share is promoted by private equity players like Tata Capital, ICICI Venture, Sequoia Capital and the England-based APIS.